Coinbase, the largest U.S.-based crypto exchange, has received conditional approval for a national trust company charter from the Office of the Comptroller of the Currency, according to a statement.
“This charter is about bringing federal regulatory uniformity to the custody and market infrastructure business we have been building for years,” Coinbase said. “Conditional approval means that Coinbase is positioned to build the next chapter of finance with the regulatory confidence that our partners, customers, and the broader market need.”
The crypto firm is among several that have applied for the charter. Paxos, BitGo, Ripple, and Circle have also sought approval. Last month, the stablecoin platform Bridge, owned by Stripe, gained conditional approval.
Coinbase isn’t looking to become a bank, but the company’s VP of Institutional Product has said “an OCC charter will streamline oversight for new offerings and enable continued innovation to integrate digital assets into traditional finance.”
“We will not be taking retail deposits. We will not be engaging in fractional reserve banking,” Coinbase added Thursday.
Coinbase gaining approval comes as it and other crypto advocates debate new legislation in Washington, D.C. The legislation in question, the Clarity Act — currently stalled in the Senate — is meant to provide greater regulatory certainty around digital assets investing.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
